The OSU Band Exemplifies Why Economists Err by Ignoring Culture By William K. Black Bloomington, MN: July 31, 2015 The Ohio State University (OSU) marching band is back in the news, which is a very bad thing. Sometimes a story that has no obvious connection to economics provides an understandable example … Continue reading → The OSU Band Exemplifies Why Ec […]
S&P threatened to downgrade Brazil to junk By Felipe Rezende Hobart and William Smith Colleges S&P has issued a negative outlook regarding Brazilian sovereign debt. The S&P’s announcement stated that “Over the coming year, failure to advance with (on- and off-budget) fiscal and other policy adjustments could result in a … Continue reading → S […]
Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »
Its my Friday lay day blog and I am limping into the weekend to rest up some more. There was an interesting article in the Washington Post (July 31, 2015) – Why Italy is the most likely country to leave … Read the rest of this entry »
Many pundits and policymakers are calling for drastic reductions in government budget deficits throughout the world. Their fear is that the weight of accumulating government debt will eventually lead to disaster as it drives up interest rates, causes inflation, and forces defaults. What may appear to be reasonable policy today, they caution, will bring catas […]
from David Ruccio The other day, I expressed my doubts about Paul Mason’s arguments about postcapitalism. But others see his argument in a much more positive light, including some friends of mine, Jenny Cameron, Katherine Gibson, and Stephen Healy [ht: sk]. They, too, however, assert that “technology does not in and of itself guarantee a better […]
Confirms other indicators of housing a bit volatile but still depressed and going nowhere: Pending Home Sales Index Highlights In a negative for the summer home-sale outlook, pending sales of existing homes fell a sharp 1.8 percent in June. The low-end Econoday forecast was for a gain of 0.4 percent. The year-on-year rate slowed from […] The post Pending Hom […]
Still bad: source: Econoday.com Softening: source: Econoday.com I don’t put much weight on Markit surveys, but the optimism comment is interesting: source: Econoday.com Highlights Service sector growth is strengthening slightly this month based on Markit’s July flash index which is up 4 tenths to a very solid 55.2. New orders are at a 3-month high […] The po […]
Note kindly translated by Anne-Marie de Grazia There is something absurd, but also terribly revealing, about the threat of an indictment for High Treason now pending on Yanis Varoufakis . It sheds a crude...
La menace d’une inculpation pour Haute Trahison pesant désormais sur Yanis Varoufakis a quelque chose d’absurde, mais aussi de terriblement révélateur. Elle éclaire de manière crue le faite que la zone Euro est désormais...
Par Bill MitchellThe dreaded NAIRU is still about!16 Avril 2009Traduction collective avec Frapper MonnaieBill Mitchell est Professeur de recherche en économie et Directeur du Centre du Plein Emploi et Équité (CofFEE), a l'Université de Newcastle, NSW Australia.L’épouvantable NAIRU est toujours d’actualité ! Je pensais – de façon optimiste – qu'il d […]